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Economic Data Calls for 08.04.2015
Here’s what we are looking for in tomorrow’s economic reports (Aug 4, 2015) — Good Luck Trading!
1. AU Trade Balance and Retail Sales (9:30PM NY Time) No Trade -- Difficult to predict considering that PMI series was released after retail sales
2. RBA Rate Decision (12:30AM NY Time) No Trade -- Should be bearish but we don’t trade rate decisions
3. Eurozone PPI (5AM NY Time) Bearish EUR -- Potential downside surprise given drop in lower German PPI.
4. US Factory Orders (10AM NY Time) Bearish USD -- Potential downside surprise given drop in ISM manufacturing